Nationale Bodenreform

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Monograph

Identifikator:: 1689579730

URN:: urn:nbn:de:zbw-retromon-103299

Document type:: Monograph

Author:: Freese, Heinrich http://d-nb.info/gnd/118535153

Title:: Nationale Bodenreform

Edition:: Zweite Auflage

Place of publication:: Berlin

Publisher:: Druck und Verlag von U. Weichert

Year of publication:: [1926]

Scope:: XVI, 472 Seiten

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 6. Neue Aufgaben und Kämpfe

Collection:: Economics Books

RESTORATION 109 latter part of 1923 and January, 1924, the pound and gold gradually approximated, until early in 1925 98} per cent. was reached. Inducement to shrink no longer from the final plunge was then furnished by the decision of South Africa to adopt the report of Professor Kemmerer and Mr. Vissering and return to the gold standard on July 1. It was not to be expect-1 that London could view with equani~" '" >=n~~* of continuing on a paper stand: 2 Dominion with a mint of its own ~koning in gold sovereigns. Accordingly Mr. Cire; , as Chancellor of the Exchequer, announ- ' = is Budget speech at the end of April that the “-ea~-~ would henceforth allow the Bank of I'~~!-~ ~~~ fresdom to export coin and bullion. Ac -=darstcod that the Bank was willing to e=>. . =2r-scary, this at once de- stroyed the basis on hich *1e paper standard rested (as explained on pp. 53, 54) and restored the gold standard. The pound once more became identical in value with a sovereign which could be freely exported. The subsequent legislation of 1925 (for which see the Appendix, p. +.) made no practical difference. It is sometimes questioned whether if the Cunliffe Committee had foreseen the subsequent depression and unemployment, th» would have made the recommendation they ci. They must answer for themselves. Yer -- own uri, I find in a memoran- dum advocatin;, . needy return to the pre-war gold standard wich. .. circulated to some friends at the end of ~~7q the f llowing, ‘It is not contended that arester. ..vn« ° Dound toits former gold value, or even a am «» continued depreciation, can be alall. | “..o semi temporary stringency in the mone; merket . id ol her inconveniences. But these inconveniences must ~~ ~~garl 7 in the same i

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